Published by Global Banking & Finance Review®
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleThe US Energy Department is considering revoking $1.1 billion in auto plant funding for Stellantis and GM due to the government shutdown.
WASHINGTON (Reuters) -The U.S. Energy Department is considering revoking nearly $1.1 billion awarded in retooling grants to Chrysler-parent Stellantis and General Motors last year by the administration of President Joe Biden, according to a document seen by Reuters.
The projects are among a list of $12 billion in awards that could be canceled as the partial government shutdown persists.
(Reporting by David Shepardson; Editing by Chris Reese)
The automotive industry encompasses all businesses involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
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